The sellers are still in control of our latest real estate market. A sellers real estate market exists when sellers control the prices and where their properties generate multiple offers within days on the listings their agents are selling.
We are still in a real estate sellers market, but those dynamics have changed a bit. The properties, mostly, are not getting multiple offers within days, on the listings that are placed onto the local Santa Clarita housing markets.
Secondly, the sellers are no longer in control of the price at which they are selling their home for.
As of late, we have seen many price reductions within the Santa Clarita Valley Cities related to the Single Family homes that are being marketed by the local Realtors.
The sellers within the SCV cities are considering reducing their real estate prices. This trend can be seen when checking out our SCV Real estate resource considering price changes.
For the rest of the data concerning the Santa Clarita Valley Cities – here are the newest local Real estate housing market reports.
Click on the preceding link to view the latest SFR reports, each of the Santa Clarita Valley Cities has been included within the report. If you want to get your own reports on a weekly basis, type in the word: Reports – Into the MaCBoX at the Paris911 home page.
Valencia CA Housing Market Update
This week in Valencia CA we have a Median Listing Price of $589,000. There are 131 real estate listings that have been on the market for an average of 54 days. With the Average Listing Price of $625,689, we see that most buyers in this market are utilizing some type of conventional loan. 3, 5, 10, 15 or 20% down…
We see that the most expensive listing in Valencia CA this week is $1,780,000 and the least Expensive real estate listing in Valencia CA is $376,000.
With the ups and downs in the current Valencia CA markets, and within the rest of the Santa Clarita Valley Cities, we see that the Days on Market timeframe has flatlined. We also see that the asking price per square foot in Valencia CA real estate has also flatlined at $254.00 a foot.
Keep a close eye on our Valencia CA real estate market. We have seen these markets shift quickly and all it’s going to take to get the market moving closer to a buyers real estate market is more inventory that begins to “outrun” demand at a faster pace.
I’m Connor MacIvor with REMAX of Valencia CA’s Paris911 Team of Realtors.